Editorial Special Industries and Special Topics_12 docx

... Auditing Standards and Audit Reports D AN M. GUY, PhD, CPA Clemson University A LAN J. WINTERS, PhD, CPA Clemson University VOLUME TWO: SPECIAL INDUSTRIES AND SPECIAL TOPICS 27 Oil, Gas, and Other ... executives, bankers, lawyers, financial analysts, and other preparers and users of accounting information. The Accountants’ Handbook is accounting’s oldest handbook and...

Ngày tải lên: 20/06/2014, 18:20

... AND CONSTRUCTION Securities and Exchange Commission, “Financial Accounting and Reporting for Oil and Gas Producing Activi- ties Pursuant to the Federal Securities Laws and the Energy Policy and ... contamination and hazardous waste disposal and clean up is regulated by the Resource Conservation and Recovery Act of 1976 (RCRA) and the Comprehensive Environ- mental Response,...

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... of safety and soundness laws to be addressed in the compliance report: (1) federal statutes and regulations concerning transactions with insiders and (2) federal and state statutes and regulations ... Currency (OCC) and the Federal Reserve Board (FRB). These entities were responsible for designing and establishing policies and procedures for the regulation and supervision of...

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... and accrue and expense associated costs and re- verse previously reported revenue for refunds and concessions, such as a provision to accept a li- cense fee rate below market. (vii) Returns and ... Abandonments. In the case of abandonments, when no return or only a partial return is permitted, at the time the abandonment is both probable and es- timable, the asset should be writte...

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... the special assessment levy is shown below. Special assessments receivable $XXX Special assessment revenue $XXX Deferred special assessment revenue $XXX When the current special assessments and ... discussion and analysis (MD&A); and (2) determine and demonstrate compliance with finance-related legal and contractual provisions. The requirements concerning the government...

Ngày tải lên: 20/06/2014, 18:20

... Statements and (6) Management’s Discussion and Analysis—for State and Local Governments Statement No. 35 Basic Financial Statements– and (7) Management’s Discussion and Analysis—for Public Colleges and ... NCGA Statements 1, 4, and 5, NCGA Interpretation 8, and GASB Statement Nos. 10, 16, and 18 Technical Bulletin Purpose and Scope of GASB Technical None No. 84-1 Bullet...

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... income (restricted and unrestricted) and all investment gains and losses (re- alized and unrealized) are reported as nonoperating revenues and expenses, in accordance with GASB No. 31 and GASB No. ... improve the efficiency and effectiveness of the health care system, reduce health care fraud and abuse, help ensure security and privacy of health infor- mation, and enforce s...

Ngày tải lên: 20/06/2014, 18:20

... Independent research and development and bid and proposal costs • Royalties and other costs for use of patents • Selling and distribution costs • Travel and relocation costs, as related to: special or ... rearrangement, production planning, and training; loss of useful value of special tooling and special machinery and equipment, which cannot reasonably be used on othe...

Ngày tải lên: 20/06/2014, 18:20

... Decommissioning Costs and Nuclear Fuel 38 (v) Securitization of Stranded Costs, Including Regulatory Assets 39 (vi) SFAS Nos. 71 and 101— Expanded Footnote Disclosure 40 31.12 SOURCES AND SUGGESTED REFERENCES ... addition, there are specific standards that are derived from the general standards and various ex- amples (Appendix B) of the application of the general standards. (d) GENER...

Ngày tải lên: 22/06/2014, 16:20

... deficiency before contributions to term and permanent endowments or per- manent fund principal, special and extraordinary items, and transfers • Contributions • Special and extraordinary items • Transfers • ... fund and will generally include the following: (1) a total amount showing amounts of overall increase and decrease, (2) detailed amounts and explanations of the increa...

Ngày tải lên: 22/06/2014, 16:20

... common ownership and a common member on both GoodDocs’ and PC‘s Boards of Directors. GoodDocs and the PC structured their business enterprise to comply with state regulatory mandates requiring ... income (restricted and unrestricted) and all investment gains and losses (re- alized and unrealized) are reported as nonoperating revenues and expenses, in accordance with GASB No. 3...

Ngày tải lên: 22/06/2014, 16:20

... if [describe hypothetical assumption, for example, “the loan is granted and the plant is expanded”], there will usually be differences between the projected and the actual results, because events and circumstances ... range: a. The number, weighted-average exercise price, and weighted-average remaining contrac- tual life of options outstanding, and b. The number and weighted-avera...

Ngày tải lên: 22/06/2014, 16:20

... earnings, and cash flows, and summaries of significant assump- tions and accounting policies of XYZ Company as of December 31, 20XX,* and for the year then end- ing. The accompanying projection and this ... Only” or “Solely for the information and use by the client [name of individual] and not intended to be and should not be used by any other party.” 39.13 SOURCES AND SUGGEST...

Ngày tải lên: 22/06/2014, 16:20

... rights for surviving wife or husband) and estates for life or years are adjusted, and 41.1 ESTATES—LEGAL BACKGROUND 41 • 9 1 G. T. Stephenson and Norman Wiggins, Estates and Trusts, 5th ed. (Appleton-Century-Crofts, ... the partnership of Andrews and Bell prior to the ad- mission of Cohen are: Capital Accounts Income Ratio Andrews $18,000 60% Bell $12,000 040% $30,000 100% 40 • 14 P...

Ngày tải lên: 22/06/2014, 16:20

... Spouses and former spouses 17. Environmental issues 18. Nature, location, and name of business 19. Books, records, and financial statements 20. Inventories 21. Current partners, officers, directors, and ... committee, the nature of the debtor’s operations, and the creditors’ committee confidence in the debtor and in the professionals—especially attorneys and ac- countants—who are h...

Ngày tải lên: 22/06/2014, 16:20